Shipping Finance

GBI Shipping Finance Team strives to provide exclusive financial solutions to clients owning deep-sea ships in the main shipping segments such as dry bulk, wet bulk and containerships. GBI’s client-base consists of financially strong, medium sized shipping companies with a proven track record. GBI responses the needs of its customers by offering a full range of financial services including pre- and post-delivery financing for new buildings, financing for second hand ships, cash management services, letter of credits and bank guarantees. In addition, GBI facilitates the entire process with all that is required for “closing” the transfer of the legal title of a ship, including opening of necessary accounts.

Shipping Finance Products at a glance:

Pre-delivery financing

Throughout the ship construction, at each step from signing until delivery the builder usually requires partial payment of the contract price of the ship. GBI provides financing during the construction secured by assignment of the building contract and refund guarantees, issued by reputable financial institution.

Post-delivery financing

At delivery of vessels from the shipyard, GBI provides a loan facility covering a certain percentage of the contract price. The loan facility is usually secured by a first priority mortgage over the ship, assignment of insurances, earnings and earnings account.

Second hand financing

GBI also offers financing for second-hand ships mainly for modern tonnages. The loan facility is usually secured by a first priority mortgage over the ship, assignment of insurances, earnings and earnings account.

Miscellaneous

It goes without saying that shipping clients are also provided other products GBI offers like cash management, letter of credit’s, bank guarantees, private banking services.

Contact information:

Beste Herguner
Relationship Manager
bherguner@garantibank.eu
Phone: +31 20 553 9882